Reasonable Delay definition

Reasonable Delay refers to good faith justifiable reasons for delays, including, but not limited to, staleness of prior reported financial statements and the need for updated financial statements, provided that the Company will use its good faith best efforts to effect a filing prior to such financial statements having gone stale, material developments and fundamental corporate transactions, such as a merger, reorganization, the acquisition or disposition of significant assets or similar developments and transactions, typical of those that should be reported on Form 8-K, integration issues arising from the transaction hereby and/or inclusion of the Registrable Securities in the February Registration Statement, and other circumstances that are beyond the Company's control, all as confirmed by an Opinion of Counsel of the Company..
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Examples of Reasonable Delay in a sentence

  • Landlord shall substantially complete its repairs or restoration within two hundred seventy (270) days after the occurrence of the fire or other casualty, subject, in all events, however, to any Reasonable Delay Basis(es); and in the event that Landlord fails to timely substantially complete the required repairs and restoration, Section 18.3.2.2 shall apply.

  • For each day after such ten day period, subject to Reasonable Delay, that such registration statement is not filed, Buyer shall be entitled to $2,500.

  • The Company shall use its good faith best efforts to include filing for the resale of the Common Stock and the shares underlying the Warrant (the "Registrable Securities") in the contemplated filing of the next amendment to the Company's Registration Statement on Form SB-2 dated February 2, 2004 (the "February Registration Statement"), subject to Reasonable Delay beyond the Company's control and good faith best efforts (as defined herein).